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Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three times higher than credit card-only solutions. Its fiat-to-crypto On & Off Ramp solutions enable users to conveniently and securely convert traditional fiat currencies into cryptocurrencies. Its product is a full-stack solution, including UI, Identity know your customer (KYC), Payments, Crypto Liquidity Management and Customer Support. Its NFT checkout solution is offered both in the primary and secondary markets. OpenRamp offers a streamlined solution for on & off ramping, enabling users to effortlessly transition between traditional financial systems and the decentralized blockchain world.


TSXV:BNXA - Post by User

Post by Vancity1on Oct 25, 2023 5:05pm
140 Views
Post# 35700981

Late earnings report.

Late earnings report.

Looks like the earnings report is late again and may result in another long halt of the stock. Nobody is touching this stock withere own money or even other peoples. The volume is like a tumble weed in the desert  it's negligible and I don't see where it will come from in the future. Everyone who has ever bought this stock in the past has been burnt except for a 2 month period in early 2021, it's been a steady decline of over 90% since and usually companies stock does not recover from such a death spiral. 

It looks clearly that the company has major issues raising cash and attracting any investment. Sure they may sign some partnerships but those partner companies are not investing in Banxa stock. 

Sad but this companies stock is the least wa Ted stock on the tsxV and it's in the hottest sector . Ask yourself why Bitcoin is up over 100% this year to date and Banxa is massively down with zero interest ? 


insiders destroyed the company's reputation and credibility and now the shareholders pay the price. I'm sorry but I don't ever see this stock recovering. 

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